The Intelligence Quotient (IQ) Test Scores Are Normally Distributed with a Mean

question 99

Multiple Choice

The Intelligence Quotient (IQ) test scores are normally distributed with a mean of 100 and a standard deviation of 15. What is the probability that a person would score 130 or more on the test?

• A) 0.0228
• B) 0.9772
• C) 0.4772
• D) 0.9544

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Definitions:

Competitive Market Structures

Describes the organization and characteristics of markets, varying in the level of competition from perfect competition to monopoly.

Contestable Market Model

A theory suggesting that a market with free entry and exit can be competitive even if there are few firms, due to potential competition.

Greatest Efficiency

Greatest Efficiency is achieved when a system or process produces the maximum output with the least amount of wasted resources.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.